Monday, May 2, 2011

ISM Manufacturing continues to show healthy expansion, although down a bit from previous months. (Any reading over 50 is expansionary) Some of that slowdown might be blamed on the situation in Japan. Consensus for this month was a slowdown to 59.5, so the 60.4 was "better than expected". Pricing pressure continues in the supply chain. While manufacturing is only about 11% of U.S. output, and 9% of employment, this has been an area of strength during the past few years.

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